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The National Development and Reform Commission and the Ministry of Transport issued a Logistics Network Construction Implementation Plan targeting a reduction in China’s total social logistics cost‑to‑GDP ratio to 13.1% by 2030, down 0.8 percentage p

2026-08-28

The National Development and Reform Commission and the Ministry of Transport issued a Logistics Network Construction Implementation Plan targeting a reduction in China’s total social logistics cost‑to‑GDP ratio to 13.1% by 2030, down 0.8 percentage point from the end of the 14th Five‑Year Plan. The plan prioritizes tighter hub‑industry coordination, improved corridor and network domestic and cross‑border connectivity, greener and smarter facilities and equipment, and full interoperability of rules and information to lower logistics costs and improve goods circulation.

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2026-08-28

FTSE China A50 index futures opened down 0.5%.

FTSE China A50 index futures opened down 0.5%.
2026-08-28

MORGAN STANLEY chief US economist Michael Gapen and global head of macro strategy Matthew Hornbach say do not expect Waller to give substantive short-term rate guidance at Jackson Hole, citing his prior calls for the Fed to reduce communications and

MORGAN STANLEY chief US economist Michael Gapen and global head of macro strategy Matthew Hornbach say do not expect Waller to give substantive short-term rate guidance at Jackson Hole, citing his prior calls for the Fed to reduce communications and forward guidance. They judge Waller unlikely to focus on September policy choices, December rate levels, whether the Fed will hike or cut later this year, or near-term balance-sheet moves. Instead he may use the platform to address longer-term topics tied to working groups he created: the Fed balance sheet, the inflation framework, Fed communications, AI and productivity, and US economic-data quality. MORGAN STANLEY's core read: this is more likely a speech outlining the direction Waller wants to take the Fed than one resolving near-term policy timing.
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